{ "media_type": "text", "post_content": "QQ: is the company’s 401k part of the TC calculation or do I ignore it. Pwc has a 1.5% match but my offer from industry has a 6% match.", "post_id": "6178753e698278002d2278fd", "reply_count": 16, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

QQ: is the company’s 401k part of the TC calculation or do I ignore it. Pwc has a 1.5% match but my offer from industry has a 6% match.

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You can’t ignore 4.5% of your base. People are foolish not to think it matters.

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My cash comp is ~$200k. 6% match with year end true-up. So simply $200k * .06 = $12,000. This results in a total contribution of $31,500 per year or 15.8% of my base.

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Salary = base Total cash comp = base + bonus Total rewards = base + bonus + lti + benefits (ie pto, h&w, 401k, pension, etc.) So long as you compare apples to apples, you will be fine

likesmart

OP dont ignore wealth builder. At Senior Manager levels PwC pays 6% into wealth builder and you pay 0. That+ 1.5% is an effecfive match of 7.5% for your 6% (should you contribute to 401k)

likesmarthelpful

Remember PwC vesting schedule is also pretty bad. It’s like 20% a year. So you only vest 20% of that small amount per year. It does add up over the years but unless you’re at year 3-4 it is inconsequential.

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You can, but generally it’s base + bonus + stock vesting /yr

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It’s just a one year vest. My confusion is that at PwC I have 28% bonus range but never have I ever gotten a 28% bonus so I don’t know if should discount that. My recruiter said that in the industry job they usually pay full bonus and sometimes if the company is doing well it will go over the stated bonus.

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Industry is wayyyyyy more likely to give you your full target bonus. I say this as someone who was Tier 1 twice at PwC and then left. If we’re trying to compare apples to apples, I would only include the Tier 3 bonus in your base.

OP PwC does provide something called Wealthbuilder additionally to the 401k. It varies for different levels. Also the bonus is a range in every company. There are no guaranteed bonus.

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I’ve never met met a company so willing to flex the “bonus is never guaranteed” like PwC does though. It’s a whole lot more certain in industry.

TC calculation is mostly used for comparison and benchmarking and adding a match (especially if it has a vesting period) or any benefits immediately confuses this. TC is just base + bonus + RSUs divided by their vesting period to reflect annual amount.

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Is it free money (include) or have some complicated vesting period (exclude) or something in the middle (discount appropriately)

401K is included in TC. TC is Base, bonus, RSUs, 401K match, and other cash-like compensation.

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